India’s Crypto Journey:

2018: RBI bans crypto dealings; Supreme Court overturns in 2020.

2021: Govt proposes crypto ban; bill not introduced yet.

2022: India imposes a 30% tax on crypto transactions.

2024: Govt panel reviewing SEBI & RBI submissions. Report expected by June, crucial for future crypto policies.

#indianCryptoBan #indiaceyptotax #India #SEBI

quick question , as an Indian crypto investor is it the right time to buy??? #BTC‬ #indianCryptoBan #ScamRiskWarning #bitcoinhalving

#DogecoinDrama #indianCryptoBan
The notion that the Indian electoral bond scheme is akin to a form of cryptocurrency where the identities of both the sender and receiver are unknown is not accurate. In reality, electoral bonds are interest-free bearer instruments that can be purchased by any individual or corporation from authorized branches of the State Bank of India (SBI) to donate anonymously to political parties. These bonds are available in denominations ranging from Rs 1,000 to Rs 1 crore. Although the scheme allows for anonymous donations to political parties, implying that the parties do not know who the donor is, the purchase of these bonds is done through a KYC-compliant process, ensuring that the bank knows the identity of the buyer .

This mechanism has sparked considerable controversy and criticism, with allegations of facilitating anonymous donations that could lead to unaccounted money flowing into the political system, raising concerns about transparency and accountability in political funding. However, comparing it to cryptocurrency is misleading since cryptocurrencies operate on a decentralized network and offer a level of anonymity that is not controlled or monitored by a central authority like a bank, which is not the case with electoral bonds.

#CryptoNews 🚀🔥 #Megadrop #indianCryptoBan #PriceSurge
📢🚀 **Breaking News: #BinanceReturns to Resume Operations in India, Anticipated Surge in Crypto Market Activity**

🇮🇳 After settling a $2 million penalty, Binance, the globe's leading cryptocurrency exchange, is poised to relaunch its services in India.
🔒 Previously sidelined due to regulatory non-compliance, Binance's return marks a pivotal moment for India's 115 million crypto enthusiasts.

💰 Prior to the suspension, Binance held sway over 90% of India's $4 billion crypto market, heightening expectations for its reinstatement.

📈 As Binance re-enters the fray, with over 100 million users poised to re-engage, market dynamics are primed for a substantial capital influx, propelling prices to unprecedented levels.

🚀 Brace yourself for a promising resurgence in the cryptocurrency landscape!

🚀 Join the movement to shape India's crypto tax laws! 🇮🇳

📢 Calling on the Finance Ministry: It's time to rethink crypto taxation for a fair and inclusive system that encourages innovation and investment.

🔍 Current laws are holding us back:
1️⃣ Flat 30% tax stifles growth and limits opportunities.
2️⃣ 1% TDS adds unnecessary burden.
3️⃣ No loss setoff penalizes investors.

💡 Our proposal:
1️⃣ Tax in slabs for fairness and flexibility.
2️⃣ No TDS or minimal 0.01% TDS.
3️⃣ Allow loss setoff to balance risks.

🤝 Join us to #reducecryptotax and build a brighter future for India's crypto ecosystem! Together, we can make a difference. 💪📈

#IndiaCryptoRegulations #IndiaCryptoTax #IndiaCrypto #indianCryptoBan

JUST IN: 🇮🇳 Binance To Become A FIU-Registered Entity In India!

The world's largest Crypto exchange could soon start its operations in India.

As per Economic Time, Binance will also pay a penalty of $2 Million.

First KuCoin and now Binance.

#indianCryptoBan #FIU #kucoin #BinanceLaunchpool #bitcoinhalving